Question: Marvel Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next 3 years, with the growth rate falling

Marvel Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter.

required: If the required return is 10 percent and the company just paid a $3.00 dividend. What is the current share price?

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